GREEN MARKET REPORT: COOLEST CANNABIS BEVERAGES FOR A HOT SUMMER
Green Market Report features Hi5 Energy beverages as one of the best cannabis beverages leading into Summer, 2022.
According to cannabis data firm Headset, since the launch of cannabis beverages in Canada around January 2020, the market share of this category has seen significant growth until reaching a peak of 2.1% of the total Canadian market in December of 2021. With a long history of beverages in the US, market share has experienced slower, more consistent growth in the US over the same time period.
The count of cannabis beverage products has grown faster in California than in any other US market. By the end of 2021, California had doubled its product offerings to just over 530 distinct cannabis beverage products.
Segment shares are very different between the US and Canada. In the US, the largest beverage segment is the Drops, Mixes, Elixirs, and Syrups, which made up 27.7% of total beverage sales from January 2020 to January 2022. In Canada, carbonated beverages are the biggest segment, which made up 51.5% of sales during the same period.
As the cannabis beverage segment matures in Canada, prices seem to be stabilizing for the products. In January 2020, Canadian Beverage products averaged at $16.21 per product. By January 2021, the AIP for Beverages in Canada dropped 146% to $6.58 per product. The AIP of Beverages in Canada has been stable since July 2020, hovering around $6 per product.
Here are the best cannabis beverages for the summer:
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About Theory Wellness:
Theory Wellness is an East Coast medical and recreational cannabis brand; we cultivate cannabis, operate extraction labs, manufacture infused marijuana products, and proudly serve patients and customers at our marijuana dispensaries in Massachusetts and Maine.
Our focus is on small batch, craft cannabis that we cultivate using sustainable techniques on our outdoor cannabis farm and at our state-of-the-art indoor gardens. We run unique genetics to develop in-house premium products that include flower, concentrates, edibles, and an array of infusions for medical and recreational consumers in New England.
Throughout our work, we remain committed to expanding the science of cannabis, and creating the future we want to see in the emerging marijuana industry through social justice, sustainability, and research.
If you’re thinking to yourself, where is the nearest recreational dispensary near me or medical marijuana dispensary near me, look no further. Theory Wellness operates medical and recreational cannabis dispensaries in Maine and Massachusetts that offer various cannabis products to meet your needs. If you are looking for our Maine recreational marijuana dispensary locations, click here. If you are looking for Massachusetts marijuana dispensary locations, click here.
To learn more about our operations, follow-us on Instagram @TheoryWellness.